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The UAE Has Launched A Program To Assist 100 Startups

The Future 100 program marks the start of a series of government initiatives aimed at improving the UAE’s future preparedness across multiple sectors.

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2 years ago

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the uae has launched a program to assist 100 startups

The United Arab Emirates is already making a name for itself as a startup hub for global tech companies. Now, however, a program has been launched to ensure that the region’s economy is fully future-proofed.

The program, known as Future 100, aims to help 100 prominent startups across a diverse range of technology sectors, including space travel, renewable and carbon-neutral energy, and other emerging tech. As the program develops, it’s hoped that a new economic model will emerge, aligning the UAE with emerging trends and creating a lasting, 50-year impact.

“The Ministry of Economy continues to support innovative future projects that promote the UAE’s global leading position on competitiveness indicators and supports it as an attractive destination for future projects from all over the world. It further enhances its position as a permanent hub for creativity and innovation, securing sustainable growth for the UAE’s national economy and creating new jobs through startups, especially in sectors pertaining to the new economic fields, such as space, renewable energy, fintech, and AI,” says Abdullah bin Touq Al Marri, UAE Minister of the Economy.

Also Read: Hub71’s Startup Ecosystem Now Boasts Over 200 Members

According to other government sources, the UAE Future 100 roadmap emphasizes the improvement of future preparedness. The initiative is meant to symbolize the future orientation of the UAE leadership, focusing on the economic growth of the region, raising the GDP, and boosting the performance of new economic sectors.

Over the past couple of years, the UAE has initiated several programs of this nature with the goal of creating a robust, future-focused economy. The National Program for Artificial Intelligence 2031, the Green Growth Strategy, the Energy Strategy 2050, the Emirates Blockchain Strategy and the Strategy for the Fourth Industrial Revolution are just a few of the initiatives that highlight the region’s lofty goals.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

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December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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